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(USA Today)   Colleges are reopening despite unsafe conditions for Covid-19 because they need the money   (usatoday.com) divider line
    More: Obvious, College, University, Historically black colleges and universities, Higher education, Graduate school, university's decision, student enrollment, higher education research firm  
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426 clicks; posted to Business » on 17 Aug 2020 at 12:30 PM (9 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



21 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2020-08-17 12:44:34 PM  
Who knew that removing most of the government subsidies for higher ed would lead to problems down the road?  Also, student debt is piling up and payments are delayed, no jerbs to pay them.
Hey, remember when half of Best America elected a dead beat who claimed publicly he could just default on the national debt, and McConnell recently said states should declare bankruptcy?
Good times.
 
2020-08-17 12:44:52 PM  
Oh yeah. I work for a big university that has a whole lot of real estate. Although my group is doing well (online education), we're all feeling the pinch because the face-to-face folks can't get their students to cough up those room and board fees.
 
2020-08-17 12:47:43 PM  
Colleges?? I wonder what the hell all those campus police departments (and the police departments in highways located on the way to college town) are doing for money now without all those monied youths driving around.
 
2020-08-17 12:52:07 PM  
If there were any justice, the debts wouldn't be dischargable in bankruptcy.
 
2020-08-17 12:53:05 PM  
also, strange ad to show:
Fark user imageView Full Size
 
2020-08-17 12:56:45 PM  
No college football means about half of a school's income for the year is just gone.
 
2020-08-17 12:59:20 PM  

Hills-Sachs_Legion: No college football means about half of a school's income for the year is just gone.


Fark user imageView Full Size
 
2020-08-17 1:57:20 PM  

Sophont: Hills-Sachs_Legion: No college football means about half of a school's income for the year is just gone.

[Fark user image image 500x333]


"Academe: an ancient Greek school of learning, where mathematics and the sciences were taught.

Academy: a modern school where football is taught."

- The Devil's Dictionary
 
2020-08-17 2:11:17 PM  
A friend's kid, who's been bubbled up good all summer, returned to Alabama this weekend. Immediately posts a picture of big group hug for sorority she's pledging.

jeez
 
2020-08-17 2:46:07 PM  
interesting article here of a private company that manages dorms on multiple universities in Georgia trying to tell the colleges they cannot tell students to stay home

follow up

acceptable deaths of college staff and students
 
2020-08-17 2:57:40 PM  
Also students don't realize how rediculous some 'in-person' classes are going to be...as in they will be online and you will only see your instructor a handful of times in a semester

"For example, due to needed social distancing of students into groups and my own desire to be away from campus as much as possible, the number of days a student will see me in-person, in a classroom this semester is five. That is out of a 45-day, 15-week Monday-Wednesday-Friday schedule."
 
2020-08-17 2:59:20 PM  

proteus_b: also, strange ad to show:
[Fark user image 372x380]


isn't Tom Petty dead?  Not saying he shouldn't be touring, just I question the quality of his performance now-a-days.
 
2020-08-17 3:21:04 PM  
When I took out federally subsidized student loans, I had to maintain full time enrollment at least every six months, or that would trigger the subsidy rollup into interest and start the clock on payments, even if I went back to full time enrollment the next semester. I saved nearly 4 grand in interest compounding by spending $300 on a a theater course just to get myself over 14 credit hours one semester.

Do subsidized loans still have this booby trap for students if they fall to part-time status, virus or no?
 
2020-08-17 4:09:19 PM  
So what're k-12 schools' excuses for reopening?
And states, in general?
And businesses?
I mean, nice job outing the  deep, deep state of higher ed, Qanonanonanonanon...
 
2020-08-17 4:33:25 PM  
Me all summer: "If it weren't required I wouldn't even wear a mask when I go to my office. I can sometimes cross all of campus and reach my 4th floor sanctum without coming within 50 feet of a single person."

Me after 24000 uncaring disease vectors move back in in a few weeks: "Dear NASA: How much for a surplus space suit?"
 
2020-08-17 6:59:22 PM  
imagine running a business where your going rate goes up many times the rate of inflation every year, demand for your product never goes down, and yet you're this desperate to keep the cash flowing.
 
2020-08-17 7:02:12 PM  
Some do.

Some, like the University of Michigan, have endowments in the double-digit billions of dollars. They don't need the money. They WANT the money. And they've become accustomed to not being told 'no.'
 
2020-08-17 7:14:02 PM  

Hyjamon: proteus_b: also, strange ad to show:
[Fark user image 372x380]

isn't Tom Petty dead?  Not saying he shouldn't be touring, just I question the quality of his performance now-a-days.


Wouldn't matter with some groups, but pretty sure he played at his concerts.
 
2020-08-17 8:04:28 PM  

quo vadimus: Some do.

Some, like the University of Michigan, have endowments in the double-digit billions of dollars. They don't need the money. They WANT the money. And they've become accustomed to not being told 'no.'


I would really like to see independent auditing/proof these endowments exist as claimed.

The way all these colleges like to wag their endowment dicks around but can't ever use them has gotten to the point of "you don't really have it."  You have some paper that you paid someone to say you have it, but you really don't have it.

These endowments are their girlfriend who lives in Canada.
 
2020-08-17 8:24:26 PM  

Hyjamon: interesting article here of a private company that manages dorms on multiple universities in Georgia trying to tell the colleges they cannot tell students to stay home

follow up

acceptable deaths of college staff and students


Jeeez
 
2020-08-18 1:29:27 AM  
What are the exclusive but not name-brand liberal arts colleges doing?
I'm thinking of the ones that charge $40,000 and more for room & board, tuition & fees. The base their attraction on students' interaction with a solidly qualified faculty and maybe a bucolic or small-town setting. If you're not getting either of those very much, suddenly that's a lot of cash for mom and dad to come up with.
 
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